The countries in the BRICS group —Brazil, Russia, India, China, and South Africa — are moving quickly to create their own digital currencies. These Central Bank Digital Currencies (CBDCs) are not just for modern payments. They are also part of a bigger plan: to reduce the world’s reliance on the ...
In digital finance, two players are increasingly shaping the future of money: Stablecoins and Central Bank Digital Currencies (CBDCs). While they share some surface similarities—both are digital assets often tied to fiat currencies—their roles, intentions, and implications are very different. Interestingly, while some governments are pushing aggressively for CBDCs, they ...
Senator Adam Schiff has introduced the Curbing Officials’ Income and Nondisclosure (COIN) Act, a bill designed to prohibit the U.S. President, Vice President, senior Executive Branch officials, Members of Congress, and their immediate families from engaging in cryptocurrency-related activities that could lead to personal profit or conflicts of interest. This ...
US President Donald Trump has urged the House of Representatives to swiftly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act following its recent approval by the Senate. Trump emphasized the need for rapid action, stating on Truth Social, “Get it to my desk, ASAP — NO ...
In a recent statement, Treasury Secretary Bessent emphasized the potential of stablecoins to reinforce the dominance of the U.S. dollar in the global financial system. He argued that stablecoins, digital assets pegged to fiat currencies like the dollar, could enhance the dollar’s reach and utility in international markets. Crypto ...
Interest in stablecoins among Fortune 500 companies has more than tripled over the past year, according to Coinbase’s latest State of Crypto report. Nearly 29% of 100 executives from the largest US firms said their companies are either planning to use or are interested in stablecoins, up from just 8% ...
Major banks are increasingly exploring stablecoins, the cryptocurrency tokens pegged to traditional currencies, as they seek to leverage blockchain technology for faster payments and improved financial services. This shift reflects growing institutional interest in digital assets despite ongoing regulatory challenges. Major U.S. banks including JPMorgan Chase, Bank of America, Citigroup, ...
Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift ...
Visa has made a strategic investment in BVNK, a global payments infrastructure provider specialising in stablecoin technology, marking a significant step in the evolution of digital payments. The investment, made through Visa Ventures, signals strong confidence in BVNK’s vision to transform how money moves across borders using blockchain-based stablecoins. Stablecoins—digital ...
Visa has announced a major step forward in digital payments by integrating stablecoins into its network of 150 million merchants worldwide. This move enables customers to use popular stablecoins such as USDC and USDT for everyday purchases, bridging the gap between traditional finance and the fast-growing world of digital assets. ...
